The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-08
CONDITION OF THE MARKETS.
Wheat Fluctuates Within a Narrow
Margin in a Very Listless Way.
Jorn Opens Dull, but Rallies and Closes at
the Best Figures of the Day-Provisions
Moderately Active and Unsettled.
MONEY, BONDS AND STOCKS.

Feverish and Irregular Market, Finally
Developing Into Weakness.
NEWLY DIRK, Jan. Mooney on call was easy
At 406 per cent, closing at 4@5 per cent.
Prime mercantile paper. 607 per cent
Sterling exchange was quiet at 81 500 for
sixty-day bills. and 1854 for demand
The total sales of stocks to-day were 372 SOB
shares including the following: Delaware, Lack
wanna & Western, 1880; Erie, $500; Lake
Shore $500; Louisville & Nashville. $3.50; New
Jersey Central, 5000; Pacific Mail. ALSO;
Reading, 74,oo3; ST. Paul. 3l,lso; ST. Paul &
Omaha. l5,Os5; Texas & Pacific assessment
paid), 1900; Union Pacific, 1880; Western
Union, 26, 400
Government bonds were dull and heavy
State bonds were quiet and steady.
The stock market was more active, but fever
fsh and irregular, subject to sudden and spas
modic movements in prices. There was no news
of character to seriously affect values, but
Z London ana a noted "bear" operator here were
accused of being sellers of stock throughout the
day. The morning hours were marked by
moderate advance over the entire list, but the
pressure to sell in the afternoon caused q slow
but material decline, which lasted until the
close. The great feature of the dealings was
Jersey Central. which fuctuated widely and
rapidly, being at one time nearly A per cent
above last evening's final price, Part of the
advantage was afterwards lost, but it is
material advance this evening. The
stock has been bought steadily, of late, upon
every decline. and much of it removed from the
street, leaving the floating supply very small,
which renders its manipulation an easy matter.
The street believes however, that the purchases
mean railroad deal Of some importance, and
explanatory rumors were numerous to-day, the
favorite one being that the Baltimore q Ohio
>e L.
ton of certain arrangements with the Western
Union. The latter stock also showed remark
able frmnese late in the day. The other coal
stocks were strong in the morning upon the re
ported advance in the price of COAL The gran
Cers and Vanderbilts we're quiet with the single
exception of St Paul, and they followed the
general market The opening was somewhat
irregular but majority of stocks were lower,
declines frGn. last evenings prices ranging from
I to 4. Further slight losses were established in
the early dealings, Pacific Mail losing per cent
Prices soon rallied, and under the lead of Jersey
Central showed advances throughout the
list before the end of the frst
hour Later the entire market yielded
and became quiet Jersey Central being a nota-
Bile exception There was fractional rally in
the afternoon, but in the last hour the decline
gathered force, and the close was weak at the
lowest prices reached. Sales, 372, 500 shares
Reading furnished 1908; West Point 81, 245;
Jersey Central 81, o70; Lackawanna, 81, $50; ST.
Paul. 81, l50 Everything except Jersey Central
4
shows dsclire this evening
Railroad bonds we're more active. Denver &
Rio Grande fours furnished $685. 0O0 Nickel
plate trust receipts 600, and East Tennessee
fves 1920, 900, out of a total DAYS business of
81, 92Se00. Prices were irregular, and final
changes are about equally divided between gains
and losses. The strength Of the Jersey Central
issues feature of the trading. The con-
soils are up II, at no. the converiibies 2 at 100;
Il the adjustments. i, at 106b. and the debentures
q, at s6A Closing quotations were:
Three per cent bondslO0 Louisville Nashville 6lie
Four per cent bonds 126l4lL-. N. A. &C........ 60
Four and half per c109as Mar. & Cin j st pref. 49,
Pacific 6s of '95.--.-125 Mar & Gin. seconds. -
Louisiana consols- S0Ss Mem. & Charleston. 90
Missouri 6s.- ---.--.l00 Michigan Central =. 92
Tenn. settlement IS. 1854 Mimi. e. st. Lons... 1911
Tenn. settlement Is. 100 MINI. a St L. pref 44l,
Tenn. settlement 3s. 763siMo. Pacific IO7 IA
Central Pacific lists. "a i2 Mobile & Ohio. l6lo
Den & Rio q. lists. | lela Morris & Essex...,s9
DEN. r. g. w. lists rs Nashville & Chat - S4la
Erie seconds 9Si2 New Jersey Central. Col
q ~, X. a T. gen IS. lO0l2 Norfolk & w pref 503e
=. Atk - =